M&A

Rio sticks with Yancoal

Glencore looks set to lose the battle for Rio's coal assets after being snubbed again in favour o...

Kristie Batten
Rio sticks with Yancoal

Rio rejected a counter-offer by Glencore once before with original bidder Yancoal improving its initial offer of US$2.45 billion plus royalties pay all the cash up front. Glencore, which initially bid...

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